Swot Analysis Of Lincoln Electric

758 Words2 Pages
bulb-icon

Recommended: Short organizational analysis

Lincoln Electric is the global market leader of the highest quality welding, cutting, and joining product. As stated in their Vision statement found on Lincoln Electric’s website. Lincoln Electric was founded by brothers James and John Lincoln. Starting out with an initial investment of only $200 and an innovative idea, Lincoln Electric is proud in saying that have been around for well over a century and still thrive as being the best in the business. That is because of the values Lincoln Electric was founded on in the 1800’s that have been carried on and continuously applied in their company today. This superb welding company thinks of their customers first. In fact, they put the needs and satisfactions of their customers before their shareholders. …show more content…

When comparing the information found about Lincoln to the descriptions of organizational structures in Chapter 8 of our textbook, I’ve concluded Lincoln Electric has an innovative organizational structure. An innovative organizational structure is characterized by being flexible, adaptable, and open to experimenting with new ideas. Every aspect of their company can fit up under this organizational structure. Their lax in use of a formal hierarchy structure and excessive titles contribute to this reasoning. The emphasis they put on developing new ideas and using updated technologies also support this organizational structure.
This company was built on an innovative idea, and they have sense lead the market by continuing to produce more innovative ideas including the way they manage their company and value their employees. Their products and services also continue to stand out because of their high quality and low costs. This innovative organizational structure has allowed for Lincoln Electric to become a very successful company and organization world-wide. Even after the passing of their founder, the integrity and principles of their organization continued. This represents a great metaphor of how the head leads the body. With great leadership, comes great teamwork. And everyone knows, Teamwork makes the dream work. And success is then

Show More
Related

  • Zaddie Johnson's Impact On The Welding Field

    833 Words  | 2 Pages

    Lincoln Electric is a huge company but can you believe it was founded with an investment of only $200 (Company History). Zaddie Johnson and James Finney Lincoln grew up at a time when money was hard to get and hard work was necessary. Zaddie and James had a big impact in the welding field because Zaddie showed other women that you can do jobs that men do. James had many inventions that are important to the welding field.

    Read More

  • Lincoln Electric Case Study Essay

    727 Words  | 2 Pages

    Having said all of this the culture of the company greatly improved all of the employee’s lives; in doing so Lincoln Electric has been greatly successful and is a company all other corporations should aspire to be

    Read More

  • Nucor Corporation

    1831 Words  | 4 Pages

    For much of its century long history, Nucor Corporation and its predecessors displayed turbulent performance. Several attempts at strategic and leadership realignment proved unsuccessful, and in 1965, the company faced insolvency. Since that time, however, the company has rallied around its steel operations to become the largest steel producer in the United States, with $4.3 billion in net annual sales. This case examines Nucor's development from an unprofitable conglomerate to a highly efficient enterprise. Specific focus on the evolution of the activity system underlying the organization lays the groundwork for systematic analysis of why some companies succeed while others fail.

    Read More

  • Lincoln Electric Case Study

    971 Words  | 2 Pages

    The Lincoln Electric Company started in 1906 by James F. Lincoln in Cleveland, Ohio. His father was a minister and so in turn you can see many Christ like principals at the center of Lincolns Electric Company. James’s Golden Rule was taken from the Sermon on the Mount: Do unto others as you would have then do unto you. Through this philosophy stems many of Mr. Lincoln’s main ideas for his company such as: The Incentive Management plan, the way people communicate within the company, the bonus plan and even down to the management style.

    Read More

  • Lincoln Electric's Approach to Motivate Employees

    1196 Words  | 3 Pages

    The company’s approach to motivate employees has been working in a positive way. The employees are satisfied with the family style community, and the productivity has increased as well. The company’s style of treating employees as important partners has been successful in other manufacturing companies too. For example, when Honda opened its first factory in the U.S., the CEO and employees shared the same cafeteria, just like Lincoln.

    Read More

  • Ford Motor Company

    1589 Words  | 4 Pages

    The Ford Motors Company was, is, and will continue to be one of the greatest American enterprises.

    Read More

  • Should IDEO Accept the Visor Project?

    1138 Words  | 3 Pages

    Kelley,T. (2005, Oct.). The 10 faces of innovation. Fast Company, 74-77. Retrieved 6th March’ 2014 from http://web.ebscohost.com/ehost/detail?vid=9&sid=1d6a17b7-c5f7-4f00-bea4 db1d84cbef55%40sessionmgr10&hid=28&bdata=JnNpdGU9ZWhvc3QtbGl2ZSZzY29wZT1zaXRl#db=bth&AN=18386009

    Read More

  • Lincoln Electric Case Analysis

    722 Words  | 2 Pages

    Formed in 1895, The Lincoln Electric Company is a model of the Human Resource Management. James F. Lincoln the founder set out to organize the company. He had a strong believe that the customer came first, employees second, then the stockholders. Therefore, profits are to be last, it was preferable to give the customer the best product available at a reasonable price.

    Read More

  • Swot Analysis Of Next Plc

    1368 Words  | 3 Pages

    Next plc sells products for men, women and children. There are about 700 Next stores: most of them (more than 500) are located in the UK and Ireland and around 200 stores are situated in Europe, Asia and even in the Middle East. It also has an online store and many international franchises . Next is considered to be the largest clothing retail company in the UK (according to the sales numbers provided by Bloomberg and Telegraph ). Moreover, the company has been listed on the LSE (London Stock Exchange) and on the FTSE (Financial Times Stock Exchange) 100 Index .

    Read More

  • SWOT Analysis

    576 Words  | 2 Pages

    test whatever it's a bad effect or not. So when it used on humans, we

    Read More

  • SWOT Analysis

    1675 Words  | 4 Pages

    The SWOT analysis is a useful tool for identifying our personal strengths, weaknesses, opportunities, and threats to our plans and goals. According to a “Fuel My Motivation” article (2010), this analysis considers internal influences that can positively or negatively affect our ability to achieve our goals. The internal factors are our strengths and weaknesses. Also considered are opportunities and threats, which are external influences that can have a positive or negative impact on the ability to achieve our goals. I will share how the self-assessment instruments and self-exercises in this course have contributed to assessing and understanding my strengths and weaknesses. I will also discuss techniques I will use to leverage my strengths and understand my weaknesses. In addition, I will consider opportunities that I can take advantage of and the threats that can possibly impede my progress.

    Read More

  • Conceptual Innovation In Public Services

    947 Words  | 2 Pages

    Conceptual innovation, on the other hand, refers to the introduction of new views, missions, rationales and strategies that challenge existing assumptions or views (Moore, 1995). An example of this type of innovation is the Sure Start initiative, a plan for child care delivery early education and family support (Nolan, 2011). Organisational innovation refers to changes in the organisation structure and routine of the government using novel methods (Windrum, 2008). An example is the introduction of the New York Police Department Reforms, whereby the adoption and implementation of modern management and technological developments transformed the department.

    Read More

  • Lincoln Electric Company Case Study

    1077 Words  | 3 Pages

    Lincoln Electric Company is a great example of how a successful organization creates successful employee satisfaction. Company founders are the key stakeholders in making the organizational culture a success. They are the leaders with the vision of how they want to promote their company and they have to present the values to their employees so that the employees also do understand that the success of an organization is a success for themselves. It was not an easy task for Lincoln Electric Company to plant the foundation of organizational culture. There were many obstacles that Lincoln Electric Company had to overcome to succeed.

    Read More

  • Essay On Innovation Management

    2338 Words  | 5 Pages

    1).Innovation Management:Innovation Management is the form of looking into future, of being creative, imaginative .It is used in the growth of product and also organizational innovation. It also includes tools which allows higher management & engineers to communicate with basic understanding of goals and its processes .Its main focus is to allow the organization to react quickly occurring within an organization, using its efforts to implement new ideas or its products. It also involves persons in contributing to the development of the companies manufacturing and also its marketing. Through development also innovation process can be done. There are two types of process involved in innovation management one is pulled and the other is pushed. Pushed process is the one in which the organization uses its technology to discover profitable applications. Pulled process is the one in which the focus is mainly in developing the efforts to find the solutions. There are two phases in innovation management .First phase includes design of the innovation and second phase includes the implementation. Internal bench marking can be established to measure the innovation. Managers should focus on ones attention on innovation cause to be necessary to infer something from information received on the complexity.

    Read More

  • The Importance Of Innovation

    766 Words  | 2 Pages

    Open innovation opens the doors for a vast array of ideas and suggestions that can help an organization succeed in being innovative. This will allow the organization to hold a competitive advantage when compared to their competition. Organizations who understand the importance of managing technological innovation will have an easier time succeeding than those organizations who feel they are safe and put innovation on the back burner. Managing technological innovation is essential in this day and age, where technology is advancing at a faster than

    Read More

More about Swot Analysis Of Lincoln Electric

Open Document